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Top Crypto to Watch in 2022

Top Crypto to Watch in 2022

Cryptocurrency is indeed unstoppable in terms of popularity among investors as well as private individuals. More and more people are getting hooked on virtual currency, which has reached the mainstream this year. Amazingly, the total market capitalization of all cryptocurrencies has made a remarkable increase to $3 trillion.

The end of the year 2021 is fast approaching, and we are about to unfold surprises in the upcoming year. Everyone is eager to know what is next in cryptocurrency as we enter 2022. With Bitcoin trading regularly around $60,000 and Ether at around $4,000, some investors are eyeing other alternative coins or cryptos that offer higher returns. Unlike Bitcoin, some altcoins do not have issues with a shortage in supply.

What is cryptocurrency?

If you are new to cryptocurrency and want to freely play around with it, you should know its definition by heart.

In essence, a cryptocurrency is a form of decentralized virtual currency which has no central server. It is not owned, issued, regulated, or governed by the government or any financial institutions like the central banks.

The first cryptocurrency, Bitcoin, was invented by a cryptography genius Satoshi Nakamoto in 2008. No one really knows who he is or they are. He could be a person or a group of individuals. It was first launched in the market in January 2009.

The first crypto trade was made in 2010 when a man from Florida used his 10,000 bitcoins to purchase two boxes of Papa John's pizza. Since then, cryptocurrency's value as a digital payment method has been recognized.

Crypto coins are acquired through the process of mining. Mining requires specialized computers or devices called the Application-Specific Integrated Circuit, whose roles are to solve difficult mathematical problems or algorithms.

After acquiring cryptocurrencies, you may be able to have the opportunity to trade your asset. You can also purchase crypto from exchanges and online apps. Platforms like Bitcoin Up tell you all you need to know more about crypto apps and updates. To learn more, you can visit uchain.world.

Here are the top cryptocurrencies to watch in 2022.

Shiba Inu(Shiba)

Before Shiba Inu, there was Dogecoin that was originally a joke. However, it seems like Dogecoin's purpose was not taken seriously. Since the first day, it went live; it became an instant hit. The creators then changed the supply limit of the said crypto from unlimited to 129 billion, which is higher than Bitcoin.

After Dogecoin gained its popularity, Shiba Inu, its doppelganger, came along. It saw instant popularity and was in the top 10 cryptos in the market. Shiba Inu uses the same program and language as Dogecoin. But unlike Dogecoin, it was not a joke. The only red flag for the said coin is that the creator is anonymous. Its market cap is approaching nearly $40 billion in October. However, in the recent weeks, it went down to nearly half, around $20 billion and declining. Whether it will maintain an all-time high or drop down in the coming 2022 is to watch out for.

Solana(Sol).

Currently, Solana is in fifth place in the world's largest cryptocurrency ranking. In 2021, it made a remarkable surge in value exceeding a market capitalization of $62 billion. It started off in the market with a trading rate of less than $2, and in early November this year, it hit an all-time high of around $260.

Its native token is called Sol. Solana continues to grow, and its blockchain is gaining a remarkable transaction speed. Especially, when just recently, the CEO of crypto exchange FTX, Sam Bankman-Fried, gave it an advantage over Ethereum.

Cardano(ADA).

Cardano is right behind Sol in terms of the market capitalization of $55 billion. And currently, it is the third-largest cryptocurrency in the market worldwide. Its recent trading price is up to $1.66. Charles Hoskinson is the creator of Cardano. He was the co-founder of Ethereum. He left Ethereum after a disagreement with Vitalik Buterin with regard to keeping the blockchain non-profit. Will the year 2022 be a make or break for ADA? Let's see.

Avalanche(AVAX).

This year Avalanche has also been gaining popularity as it hits an all-time high of $146, even surpassing Dogecoin. From a trading price of $3, it now trades to $116 just this late November. Its market cap is currently over $26 billion.

The native token of the Avalanche blockchain is known as AVAX. In terms of smart contracts, the Avalanche is considered Ethereum's rival. Its partnership with Deloitte in supporting its work with the Federal Emergency Management Agency(FEMA) has given Avalanche greater credibility.

The Takeaway

The world of cryptocurrency is so vast it does not just revolve around Bitcoin. If you are an investor, you might also want to consider other alternative cryptocurrencies that also offer great returns. One of the strategies in crypto investment and trading is learning how to diversify your portfolio in order to minimize risks. In choosing cryptocurrencies, you might want to review their features, prices as well as credibility. Will this crypto remain resilient in the years to come? There are several small cryptocurrencies that have recently made it to the top this year. The list above is just a few of the top 10 cryptocurrencies that have made a remarkable surge in value and prices. Thus, may make a breakthrough in the year 2022.

Risk Note: Cryptocurrency investment does not guarantee to make you wealthy instantly. Note that the majority of cryptocurrencies are volatile and susceptible to price fluctuations. As with every other investment, investing in cryptocurrency is risky. You might need advice from experts in order to learn the methods and strategies in successfully investing in this kind of virtual asset. It could either make you or break you, you could even consider getting cryptocurrency insurance. The probability of a sudden win and loss can be higher than you expect. So it is really a necessity to have a high-risk tolerance. And lastly, do not invest an amount that you can't afford to lose.

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